Steel Rebar Market Analysis and Industrial Forecast, 2017 – 2024

Steel Rebar Market analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more. Rapid growth in residential, commercial and industrial infrastructure has augmented their usage. These are used along with concrete to enhance strength of buildings as both have almost similar thermal co-efficient value.

Demand for energy has augmented with rise in industries and buildings that in turn has spurred infrastructure for both renewable and non-renewable energy. These are used in renewable energy infrastructure that includes wind mills as they require high tensile strength and property to endure stress and fatigue. Further, these are more affordable than other materials namely aluminium.

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Steel rebar or reinforcing bars are hot rolled bars widely used in construction industries particularly for concrete reinforcement. These are used as tensioning agents in construction for holding concrete in compressed state as concrete has low strength. It can be bent as per the required structure formation and reduces cracking & spalling joint edges and enhances durability, impact resistance in structure.

Presence of substitutes including basalt and fibre reinforced polymer material having high tensile strength and eco-friendly nature poses a challenge for its growth. Additionally, harmful gasses emission from its manufacturing plants that includes carbon, sulphur & nitrogen oxide and discharge waste to water makes it difficult to meet environmental norms of industrial discharge and air pollution.

Based on end use, steel rebar market is classified as manufacturing, construction and marine industry. Construction industry has substantial share owing to continuous increasing population and drift of people towards urban areas. There has been as increase in government spending in structures including highway, bridges and pillars that employ them to enhance infrastructure durability. Marine industry uses epoxy coated for protection against corrosion.

North America led by the U.S. has significant share owing to growing oil & gas pipeline structures. Increasing government initiatives for public infrastructures and smart cities shall augment steel rebar market. Europe has moderate share with developing infrastructure and rising imports. It is expected that around 80% of population in Europe shall move towards urban areas till 2030.

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Steel rebar market is quite fragmented with presence of regional and local players. Prominent players include ArcelorMittal, Nucor Corporation, Tillos, Nippon, Posco, SAIL, Tata, Essar, Kobe, Commercial Metals Company, Jindal, Hyundai, Byer and Gerdau are strengthening their sales and distribution channel to enhance market penetration.

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